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Now Hiring Chief Financial Officer

Land Bank Twin Cities Seeks Next Chief Financial Officer


Land Bank Twin Cities (LBTC) is seeking its next Chief Financial Officer (CFO). This will be a highly visible and inspiring leader responsible for developing and overseeing LBTC’s financial systems and strategies, supporting its future growth. The CFO is a strategic thought partner and advisor to the President and other members of the senior leadership team, whose work collaboratively contributes to the organization’s overall financial health. The CFO is a financial leader with a proven track record of strategic planning and execution. They possess strong analytical skills, exceptional decision-making abilities, and a deep understanding of real estate finance.

We welcome you and thank you for taking the time to review this CFO job posting.

Job Responsibilities

Financial Oversight

  • Closely monitor cash flow and line of credit, using automated forecasting tools and analysis.
  • Develop and communicate financial metrics and reporting to executive leadership and board of directors.
  • Develop and document financial business processes to maintain and strengthen internal controls.
  • Develop and oversee financial strategies and activities, and provide guidance and leadership in all financial matters, including defining and enforcing financial policies to ensure compliance.
  • Lead the development of appropriate annual, mid-term, and long-term financial objectives and plans that align with the organization’s strategic direction. 
  • Oversee the financial and accounting operations of the organization, including cash management, accounts payable, expense reimbursements, accounts receivable and collections, fixed assets, and investments accounting. 
  • Oversee the preparation and distribution of accurate and timely monthly, quarterly, and annual financial reports, including both grant reporting and traditional accounting statements and reimbursement requests. 
  • Oversee budgeting for projects such as major capital improvements, property acquisition, etc., and the financial strategies regarding funding sought. 
  • Prepare annual budget and 3-year cash flow projections with executive leadership. Ensure cash flow planning and availability of funds for organizational operations. 
  • Prepare/oversee all supporting information for the annual audit, single audit, and federal form 990, and liaise with the board Finance Committee and external auditors as necessary.
  • Provide automated forecast model including anticipated loan production and revenue.
  • Provide and leverage financial planning & forecasting models to provide financial insight into the organization’s operations and strategies. Establish guidelines for annual budget and 3-year forecast preparation with executive leadership. 
  • Serve as the organization’s expert on grant compliance and all applicable regulations.
  • Work with program and lending teams to support grant applications and amendments, and maintain all grant agreements and MOUs pertaining to grant awards.

Finance & Accounting

  • Financial oversight of real estate portfolio and transactions, including annual property budgeting and tenant operating expenses reconciliation processes, monthly financial statements for property held, resale partner financial reports, and debt financing.
  • Maintain internal reporting system and account structure to ensure proper disclosure and accountability for all financial activities.
  • Monitor the quarterly reconciliation of all balance sheet accounts and monthly reconciliation of all loan-related and cash and cash equivalent accounts.
  • Oversee and ensure accurate recording and documentation of all agency short- and long-term assets and liabilities.
  • Oversee compliance with local, state, and federal government reporting requirements and tax filings. Ensure legal and regulatory compliance across all financial functions.
  • Remain up to date on regulations, state and federal accounting regulations and legislation, and best practices regarding nonprofit operations. Appy best practices that drive effectiveness across organization finance functions.
  • Oversee management of financial systems and software, and ensure that accounting, reporting, and control requirements are met in auxiliary systems used for financial reporting purposes.
  • Oversee management of Intercompany Notes.
  • Review reconciliations of subsidiary ledgers used for program transactions related to organization cash accounts and general ledger monthly.


  • Ensure a well-structured and managed organization, with clear lines of authority and alignment around goals. 
  • In consultation with the President, hire and supervise finance employees.
  • Serve as a unifying and decisive staff leader, able to make tough, timely decisions. 
  • Delegate effectively while providing oversight. 
  • Attract, lead, and retain the strongest possible staff and hold them to clearly defined, high standards of excellence and accountability. 
  • Attend carefully to the organization’s fiscal health and stability through rigorous budgetary planning and close supervision of a strong financial team. 
  • Engage effectively with the Board of Directors, drawing upon members’ knowledge and experience and involving them appropriately in strategy, policy, fundraising, and fiduciary oversight.

Governance & Leadership

  • Engage the board of directors’ finance committee as appropriate to inform or engage in financial decisions and to develop short and long-term financial plans and projections.
  • Lead, manage, and maintain accountability for lending staff and deployment of capital resources to clients.
  • Manage and monitor loan goals to remain in compliance with funding sources.
  • Review, update, and ensure compliance with LBTC’s financial policies and procedures manual. 

Required Qualifications

Below are some of the typical requirements for a Chief Financial Officer. We recognize that skill sets can be a complex combination of experiences. Even if your background does not exactly match these requirements but you have a passion for our work, we would love to hear from you and we recognize the value of transferable skills.


  • Required: Bachelor’s degree in Finance, Accounting, or Business Administration or equivalent professional experience.
  • Preferred: Graduate degree or MBA in Finance or Accounting.
  • Preferred: CPA and/or other finance or accounting professional designation.


  • Real Estate (residential, commercial, and/or development) finance and accounting background and/or CDFI financial management experience.
  • Five years or more experience in managing a team of direct reports in areas of lending, AR/AP, real estate finance, and/or grant management or equivalent professional experience.
  • Demonstrated history of developing and implementing new processes, systems, and automation to increase efficiency.
  • Proficiency in automated Accounting Software Systems including Sage Intacct.
  • Experience with business planning, lending, and other financial software.
  • Advanced intermediate Microsoft Excel skills.

Other required Knowledge, Skills, and Abilities 

  • A self-starter who thrives in a dynamic business environment.
  • A forward-thinking leader with strong quantitative, qualitative, and analytical skills.
  • An approachable, authentic leadership style with exemplary personal and professional ethics, honesty, integrity, and objectivity.
  • Outstanding communication skills including written, verbal, and presentations.
  • Ability to convey complex financial information effectively and transparently to a wide range of audiences.
  • Proven ability to lead, inspire, and develop an inclusive, high-functioning team culture.
  • Exceptional interpersonal skills with high emotional intelligence, cultural competency, and the ability to build trusted relationships throughout the organization and with funders, partners, clients, etc.
  • Highly organized, self-motivated, and able to manage complex projects, competing priorities, and tight deadlines.

How to Apply

Interested candidates should submit a cover letter, resume, and salary expectations no later than 9 p.m. on Friday, July 19, 2024. You can apply here:

Equity & Salary Disclosure

The salary range for this role is $160,000 – $185,000 annually.

We believe in practices that create real equity and pay parity regardless of background or identity and we freely discuss compensation with all qualified candidates the first time we interview them. Saving the salary discussion for the first conversation allows us to fully understand the needs of each candidate and to ensure that qualified candidates, even those who’ve historically been overlooked and/or underpaid, don’t self-select out of the processes based on salary alone, as our experience and research suggest. In addition to those who opt out, because they fear the salary may be out of reach for them, we equally don’t want to miss out on conversations with candidates who are slightly over the range when in some cases the total compensation including factors such as bonuses, flexibility, and better health benefits, etc. may exceed expectations. Finally, as a search firm – we are always looking for top-notch talent to introduce to our clients. Should the salary or any other requirement not be fit, there is often a chance that someone on our team is working on another position you may be a better fit for. If you would like to discuss your qualifications for this role as well as discuss salary and compensation – just give us a call, and we’d be happy to discuss!

Equal Opportunity Employer

Land Bank Twin Cities and kpCompanies are equal opportunity employers and all employees and applicants for employment are afforded equal opportunity in every area of hiring and employment without regard to race, color, ethnicity, religious creed, national origin, ancestry, sex, gender identity, age, disability, mental illness, sexual harassment, sexual orientation, genetics, military/veteran status, citizenship, arrest record, and any other legally protected characteristic.

All submissions are received in the strictest confidence.


Land Bank President Aarica L. Coleman

Land Bank New President Announcement

We are excited to announce our new president, Aarica L. Coleman! She is an economic redevelopment expert with 20 years of experience leading large-scale projects.